Regulatory Alerts2024-02-20
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CIMA Cancels Securities Registration of Valor Capital (Reg. #1598590)
The Cayman Islands Monetary Authority has cancelled the securities registration of Valor Capital effective 9 February 2024. This action addresses the registrant's ongoing breaches of the Securities Investment Business Act, specifically its failure to file annual declarations, pay required fees and penalties for 2023 and 2024, and maintain two compliant directors. The decision cites inadequate business management as reasonable grounds for cancellation while preserving the registrant's statutory right to appeal.
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